Riverbed Appoints New Managing Director for Japan
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SAN FRANCISCO, CA, May 08 (Marketwire) -- Riverbed Technology (NASDAQ: RVBD), the performance company, today announced that the company appointed Tim Goodwin as the Managing Director for Riverbed(R) Japan. Goodwin brings more than 20 years of operational, channel and sales experience in the technology industry, most notably at F5 Networks where he established and grew the company's market profile in country. In his new role at Riverbed, Goodwin will be responsible for expanding the Riverbed presence and business within the country. More than 17,000 organizations worldwide depend on Riverbed to understand, optimize and consolidate their IT infrastructure, through solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. As IT organizations embark on strategic initiatives to virtualize, consolidate and migrate workloads into cloud environments, users are moved farther from their data, and slow applications, file transfers and inefficient websites negatively impact the performance of these initiatives. Riverbed transforms IT performance by providing solutions spanning WAN optimization, edge virtual server infrastructure (edge-VSI), application-aware network performance management (NPM), application delivery, web content optimization (WCO), and cloud data protection for backup and disaster recovery. By providing the broadest portfolio of performance solutions that deliver anywhere, any application optimization, Riverbed enables organizations to increase productivity and efficiency, while enhancing business resilience and controlling costs. "Tim has a proven track record of achieving phenomenal success during his previous assignments representing western technology companies in Japan. We believe that his deep understanding of the local culture, market, partners and business practices will support Riverbed in our efforts to grow our business and our new product lines within the country," said Dave Peranich, executive vice president of global field operations, Riverbed. Goodwin has a proven history of overachieving financial goals, and has successfully expanded the global reach of organizations by building a team of industry leading players, collaborating extensively with headquarters to set and implement local strategy, and developing successful channel and sales strategies. He most recently managed company operations in Japan for Isilon Systems Japan K.K. and Q1 Labs Inc. Prior to this, Goodwin led local operations for F5 Networks Ltd as Vice President and Country Manager for Japan. "Riverbed has established itself as a technology market leader that offers many benefits to organizations headquartered in Japan or global organizations that host local offices within the country by addressing performance challenges across the entire IT infrastructure," said Goodwin. "I'm excited to join a company that has superior technology, is growing rapidly and has a huge acceptance by customers. I look forward to leveraging my industry expertise to expand the company's global presence." Forward Looking Statements This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, and statements relating to Riverbed's ability to grow market share and sales and meet the needs of distributed organizations. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include our ability to react to trends and challenges in our business and the markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our distribution partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products and services; shortages or price fluctuations in our supply chain; our ability to protect our intellectual property rights; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Riverbed's business are set forth in our Form 10-Q filed with the SEC on April 30, 2012. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. Any future product, feature or related specification that may be referenced in this release are for information purposes only and are not commitments to deliver any technology or enhancement. Riverbed reserves the right to modify future product plans at any time. About Riverbed Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. Additional information about Riverbed (NASDAQ: RVBD) is available at www.riverbed.com. Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners. MEDIA CONTACT Kristalle Ward Riverbed Technology 415-247-8140 firstname.lastname@example.org INVESTOR RELATIONS CONTACT Renee Lyall Riverbed Technology 415-247-6353 email@example.com Copyright 2012, Marketwire, All rights reserved. -0-
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